What about a Riverside Condo?

Graham & Kelly Levine April 9, 2013

Ever thought about a Riverside condo, when looking at homes for sale?

Ever thought about a Riverside condo, when looking at homes for sale?

As you search for a home in Riverside, have you given any thought to what matters most, to you? Location isn’t the only consideration, though it is the one most real estate agents focus on. How you live is a much more telling indicator of where you should live. Do you want wide open spaces, or would you prefer a smaller space, with less to clean? Is your budget flexible, or do you have a specific payment you are comfortable with, and don’t want to exceed? One often overlooked, but worthwhile option is a Riverside condo, or town home.

Every real estate agent knows that location is a prime factor when purchasing a home.  However, while location is generally a driving force in the purchase of your Riverside home, other components come into play as you choose the perfect place to live. Some of those elements may even have you considering condo ownership over a traditional detached house when you buy your home.

Because of this, it’s helpful to recognize the challenges and rewards that owning a condo can bring.

Condo owners are unique in that they pay Homeowners Association (HOA) fees to share in the maintenance of the property at large. Reviewing this cost and the Homeowners Association bylaws prior to your home purchase is essential as you may find restrictions that are not in keeping with your lifestyle. If after review you feel that the rules are too confining for the condo you are considering, try a different complex as each set of bylaws is unique.If after reviewing several and finding all lacking, however, you may decide that Riverside condo life is not the best fit for you.

Before buying a Riverside condo as your home, it’s helpful to consider the following:

  • Why are you buying a condo?
  • Is it conveniently located?
  • What extra amenities or savings might you receive with your condo purchase?
  • Are you a loud person? Neighbors may overhear as you will be in relatively close quarters.
  • Are you someone who likes to act independently? If so, condo life and rules may be a bit stifling.
  • Are you comfortable having someone other than you maintain your home’s exterior?
  • When added into your home cost, are your HOA fees reasonable?

No matter whether your home purchase results in a detached home or a condo, asking yourself these questions before making your purchase can results in happier home owning. We would love to help you with your home search, and are happy to go over the benefits of condo, and detached home living. There is no bigger decision than where you want to call “home,” and we are here to guide and inform you, every step of the way.

For more information on Riverside real estate, the housing market, and homes for sale- contact Graham and The Home Team at (951)534-9296, or email us.

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